In this situation DXY chart Breakout symetric triangle pattern.So, market need
seems buy correction @ 107:830 and 110:150 resistance level. Then sell to 103.730 support
zone. If breakout 113.500 resistance level, then market Buy UP to 115.250 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information...
Almost exactly one year ago, the dollar reversed to begin its bullish run we've witnessed this full year. Today, price has reversed to the downside, passing the lows of $107.69.
This could be the turn of a bearish dollar going into 2023. The major currency pair's bias may now have to change with this news and the US30 market may turn bullish if it reverses to...
We are currently in a bullish corrective phase on the dollar index and a break above 115.41 which happens to be a valid level of resistance.
However, a break below 110.230 may indicate a change of market direction.
In this situation DXY chart Hopefully create bearish butterfly pattern.
So, market need to breakout 111.450 resistance level then market Buy to 112.700
and 114.420 resistance level.
Dollar index ready to fall are you ready market break in the two demand zone we expect a market bearish move to start valid till invalidation level if break then continue uptrend start
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart create bullish butterfly pattern .
So, market need seems to SELL correction at 107.666 & 107.300 support
level. Then Market fully BUY.
In this situation DXY chart Hopefully create bullish Rectangle pattern .
So, market need seems to SELL correction at 108.600 & 108.400 support
level. Then Market fully BUY to 109.550 & 110.200 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel...
TVC:DXY
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate.
👉 2. Price goes BELOW the selected range. below. Short positions to activate.
⚠️ Important Notes:
1. Follow your risk management rules.
2. Timeframes: up to H4
In this situation DXY chart Hopefully create bearish butterfly pattern.
So, market need seems to SELL correction at 105.765 and 105.000 support
zone. Then Market fully BUY to 106.650 & 107.7500 resistance level.
Fundamental View:
DXY is at critical point i.e 109. It has reached
ATH after 20 years. In 2002, we saw DXY at this
zone.
DXY intends to break 109 zone as inflation is
at it's peak, whooping 75bps and rumours of
insane 100bps rate hike, positive NFP and also
fear of recession causing extreme panic in the
market. Investors are selling everything just to
remain...
N.B- In this situation DXY chart create Bearish butterfly harmonic pattern.
So, market need to seems sell correction 106.250 & 105.700 support level.
If breakout 107.500 resistance level then market will go 108.400 level.
We have a very strong uptrend on the Dollar Index. And for now, price is yet to be clear. We will be patient to see what the market offers us. W can see price close above a level of resistance and we see a pullback which might lead price upwards more or we see a push downwards. Overall, we keep an open mind and digest market information,
TIP: Listen to the Market.
HEY TO EVERYONE WHO SEE THIS
HOPE EVERYONE IS DOING GOOD HAVING A GOOD
SOME OPPORTUNITIES IN THE COMING WEEK.
LOOKING AT THE DOLLAR INDEX
* From the H&S the index has been on a down trend hitting LL & HL.
* Due to the bearish momentum looking for possible continuation towards the next major support level.
* The index already broke support level pushed up for a...
The price responded perfectly to the signal sent by the MCS in H4.
After this excess of strength, the price pushed down until it reached MML H4, giving us the opportunity now to place a Stop Profit below the entry point.
Let's set the new Stop Profit at 96.72
Once we reach 38.2% of the last bullish vector we can lower the Stop Profit on the MML to 96.05,...
As you can see the 3rd wave of dollar index in the daily timeframe was finished therefore we are expecting the correction wave which is wave 4.
According to the previous bottomT it could move down to at least 94.62
![DXY: DOLLAR INDEX [DXY] ANALYSIS](https://s3.tradingview.com/w/wTBWTnI1_mid.png "DOLLAR INDEX [DXY] ANALYSIS")
